For treasuries, agencies and development banks
Conditional disbursement, with the supervisor's own node as the audit trail.
Benefits, grants, procurement and aid released on the conditions you set — in the treasury's own bank money.
The pain today
Conditions are enforced after the money has moved.
A grant is paid and audited later; a benefit is paid and clawed back; a milestone payment is released on a form. The audit trail is a report assembled afterwards, and the money has been through several institutions on the way.
The primitive that removes it
Release on the condition; see every step yourself. The condition becomes a rule the policy engine enforces before the money moves. Every disbursement, and every rule decision behind it, is visible in real time on a read-only node the state runs itself. Cross-border aid settles payment-versus-payment on two central banks' ledgers.
What stays, what changes, what never happens
What stays the same
Your treasury single account at the central bank or its banks, your budget law, your audit institution, your beneficiaries' banks.
What changes
Disbursement rules encoded and versioned; a supervisor node for the audit institution; agencies as participants through the treasury's bank.
What you never take on
A stablecoin program, a wallet rollout, a private-company reserve holding public money.
The board question
“Why not a central bank digital currency?”
A wholesale CBDC is welcome as the settlement asset — the network is designed to bind to one. What the protocol adds is what a CBDC does not: the binding to every bank's existing ledger, the conditional release, the identity reuse and the supervisor's continuous proof. It is complementary to a central bank's own project, not a substitute for it.
What it costs
Public-sector terms are set jurisdiction by jurisdiction under the rulebook; supervisor and audit nodes are provided free. Development banks settling cross-border pay settlement fees under the published formula. Indicative; your figures go in the joint business case.
See the full fee scheduleAsk for the supervisor-node demonstration.
Thirty minutes on the reference network: a conditional disbursement, the rule decision behind it, and the audit node showing both — before a single change to your systems.